Airlines & Lessors
Dec 03, 2018
In the latest of a series of recent European airline failures, Lithuania-based leisure operator Small Planet Airlines has ceased operating.
Nov 30, 2018
Air New Zealand is undertaking significant cost-cutting efforts in response to higher fuel prices. The carrier has identified about NZ$30 million ($20.6 million) in costs that can be removed before July 1, CEO Christopher Luxon told employees in a memo the week of Nov. 26.
Nov 30, 2018
Air France-KLM’s new CEO Ben Smith is said to be contemplating the future of Joon—the LCC hybrid sister airline to Air France launched by Smith’s predecessor—while considering plans to boost the airline group’s profitability.
Nov 30, 2018
Aeroflot Group’s net profit for the third quarter (3Q) reached RUB27.7 billion ($422.4 million), up 14.2% as the airline group implemented cost controls in the wake of high fuel costs and currency pressure seen through the year.
Nov 30, 2018
Falling fuel prices could trigger a small increase in near-term capacity but not major network additions at United Airlines, in part because of the airline’s success in passing through costs during fuel’s price rise, a top executive said.
Aug 24, 2022
Thai Airways is operating in competitive markets but its current restructuring process should put it on a firmer footing to compete.
Aug 24, 2022
The SkyTeam alliance member targets breaking even by 2024.
Aug 24, 2022
AirAsia X completed its restructuring in March after cutting most of its debt obligations.
Aug 23, 2022
Air Canada plans to have 12 dedicated freighters in its fleet by the end of 2024, part of an effort to build greater revenue diversification into its operation.
Aug 23, 2022
TAP Air Portugal (TAP) is tracking close to pre-pandemic unit revenue and costs, despite higher fuel costs and a smaller fleet, but interest costs and unfavorable dollar exchange rates pushed the company to a €202 million ($201.7 million) first-half net loss.
Aug 23, 2022
The Middle East could face a shortage of 3,000 pilots as early as next year, according to a new report by consultancy Oliver Wyman.
Aug 23, 2022
Passenger demand is starting to resemble past cycles, but some new trends are emerging in how customers travel, a top American Airlines executive says.
Aug 23, 2022
Bidders for a majority stake in ITA Airways have submitted improved offers to the Italian government in advance of a deadline that expired Aug. 22, but industry sources fear political uncertainty in Italy could once again hold up the long-drawn out sale process.